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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of asset and lease liability
The ROU asset and lease liability balances as of December 31, 2021 were as follows:
(in Millions)ClassificationDecember 31, 2021December 31, 2020
Assets
Operating lease ROU assetsOther assets including long-term receivables, net$135.2 $147.3 
Liabilities
Operating lease current liabilitiesAccrued and other liabilities$23.5 $25.6 
Operating lease noncurrent liabilitiesOther long-term liabilities140.0 151.1 
Components of lease expense, lease term and discount rate
The components of lease expense for the year ended December 31, 2021 were as follows:
(in Millions)Lease Cost Classification202120202019
Lease Cost
Operating lease costCosts of sales and services / Selling, general and administrative expenses$33.9 $39.5 $41.3 
Variable lease costCosts of sales and services / Selling, general and administrative expenses4.7 4.7 5.2 
Total lease cost$38.6 $44.2 $46.5 
December 31, 2021
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)9.2
Weighted-average discount rate4.1 %
(in Millions)Year ended December 31, 2021Year ended December 31, 2020
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(33.1)$(40.8)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities$18.4 $8.4 
Summary of future minimum lease payments
The following table represents our future minimum operating lease payments as of, and subsequent to, December 31, 2021 under ASC 842:
(in Millions) Operating Leases Total
Maturity of Lease Liabilities
2022$29.2 
202323.6 
202419.4 
202518.3 
202617.4 
Thereafter109.3 
Total undiscounted lease payments$217.2 
Less: Present value adjustment(53.7)
Present value of lease liabilities$163.5